Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.10% | -0.05 | 1.15% |
| Return on Equity (%) | ▼ | 10.77% | -1.25 | 12.02% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.03 | 4.05% |
| Efficiency Ratio (%) | ▼ | 63.20% | +0.99 | 62.21% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.36 | $7 |
| Cost of Funds (%) | ▲ | 0.68% | -0.01 | 0.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,010 | +85.86 | $1,924 |
| Gross Loans ($M) | ▲ | $1,146 | +56.43 | $1,089 |
| Loan Growth YoY (%) | ▲ | 63.58% | +0.70 | 62.89% |
| Total Deposits ($M) | ▲ | $1,782 | +67.73 | $1,714 |
| Shareholders Equity ($M) | ▲ | $205 | +22.23 | $183 |
| Tang. Book Value ($M) | ▲ | $202 | +22.29 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $230 | +24.12 | $206 |
| Loan / Deposit Ratio (%) | ▲ | 63.58% | +0.70 | 62.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.24 | 0.00% |
| Allowance / Loans (%) | — | 1.13% | 0.08% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.42 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.42% | +0.73 | 14.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▃▁▄▇█▂ | Net Interest Margin (%) | 4.08% | 4.08% | 4.08% | 4.05% | 4.09% | 4.14% | 4.15% | 4.07% |
| ▆██▂▃▅▅▁ | Return on Assets (%) | 1.32% | 1.41% | 1.39% | 1.15% | 1.18% | 1.26% | 1.27% | 1.10% |
| ▂▁▁▇▅▃▁█ | Efficiency Ratio (%) | 59.8% | 58.9% | 58.8% | 62.2% | 61.5% | 60.3% | 59.2% | 63.2% |
| ▁▆█▃▃▂▂▃ | Cost of Funds (%) | 0.64% | 0.73% | 0.77% | 0.69% | 0.68% | 0.67% | 0.67% | 0.68% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.24% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.40% | 0.42% |
| ▁▃▃▃▄▆██ | Tang. Book Value ($M) | $168 | $181 | $179 | $180 | $182 | $195 | $204 | $202 |
| ▁▁▄▃▅▅██ | Gross Loans ($M) | $1,069 | $1,074 | $1,105 | $1,089 | $1,108 | $1,111 | $1,142 | $1,146 |
| ▁▃▃▄▄███ | Total Deposits ($M) | $1,645 | $1,691 | $1,696 | $1,714 | $1,712 | $1,775 | $1,793 | $1,782 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 3% |